How Much are Car Insurance Quotes for Low Credit Scores in Orlando?

The car, truck, or SUV that is being insured is probably the biggest factor when shopping for affordable coverage for low credit scores. Vehicles with average performance, modern passenger safety features, or a low likelihood of liability claims will cost substantially less to insure than high performance models.

The next list estimates car insurance premiums for a handful of the most cost-effective automobiles to buy insurance for.

Cheapest Vehicles to Insure in Orlando, FL
Make and Model Estimated Cost for Full Coverage
Honda Accord EX 4-Dr Sedan $1,252
Honda CR-V EX-L 4WD $1,280
Toyota Prius $1,384
Dodge Grand Caravan SE $1,404
Ford Focus S 4-Dr Sedan $1,453
Toyota RAV4 Limited 4WD $1,481
Chevrolet Malibu Hybrid $1,487
Ford Fusion S 4-Dr Sedan $1,481
Ford Explorer Eddie Bauer AWD $1,508
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,536
Toyota Corolla XLE $1,559
Ford Edge Sport 2WD $1,564
Hyundai Elantra SE 4-Dr Sedan $1,559
Toyota Camry SE $1,564
Ford Escape Limited 2WD $1,569
Kia Optima LX $1,587
Honda Odyssey Touring $1,596
GMC Sierra 3500HD SLE Extended Cab 2WD $1,618
Nissan Rogue SL AWD $1,666
Dodge Ram 2500 Crew Cab ST 4WD $1,724
Toyota Tacoma Double Cab 4WD $1,729
Volkswagen Jetta SE 2.5 Station Wagon $1,800
Chevrolet Equinox LTZ AWD $1,818
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Florida minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-vehicle, and multi-policy. Premium amounts do not factor in vehicle location which can impact auto insurance rates considerably.

Looking at the data, models like the Honda Accord, Honda CR-V, and Toyota Prius are a few of the cheapest vehicles to insure for bad credit.

One of the more important considerations that are used to help calculate the price you pay for insurance is your zip code in Orlando. Areas with more people or even just a higher incidence of claims are more likely to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive slightly lower rates.

The following table rates the highest-priced areas in Florida for low credit scores in which to purchase auto insurance. Orlando shows up at #18 with an annual cost of $2,029 for car insurance, which is about $169 each month.

How much does car insurance cost in Orlando, FL?
Rank City Annual Premium
1 Hialeah $3,630
2 Miami $3,273
3 Miami Gardens $3,149
4 Miami Beach $2,923
5 Miramar $2,709
6 West Palm Beach $2,705
7 Tampa $2,636
8 Coral Springs $2,549
9 Hollywood $2,526
10 Pompano Beach $2,518
11 Pembroke Pines $2,505
12 Fort Lauderdale $2,500
13 Davie $2,473
14 Brandon $2,322
15 St. Petersburg $2,286
16 Clearwater $2,238
17 Spring Hill $2,123
18 Orlando $2,029
19 Jacksonville $2,020
20 Port St. Lucie $1,975
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Price information shown is approximated as specific Orlando garaging address can impact prices greatly.

Impact of violations and accidents on rates in Orlando

The best way to get cheap insurance rates in Orlando for bad credit is to drive carefully and not have accidents or get tickets. The chart below demonstrates how citations and fender-benders drive up auto insurance costs for different age categories. The rate quotes are based on a married male driver, comp and collision included, $250 deductibles, and no discounts are factored in.

The data charted above shows the average cost of car insurance per year with a clean driving record and no accidents is $2,487. Receive one speeding ticket and the average cost hikes up to $2,860, an increase of $372 each year. Now add one accident along with the one speeding ticket and the annual cost of insurance for low credit scores goes up to an average of $3,913. That’s an increase of $1,426, or $119 per month, just for a couple of infractions!

Rate difference between full and liability-only coverage

Saving money when shopping for insurance is probably important to most vehicle owners, and one of the best ways to buy cheaper insurance for low credit scores is to only buy liability coverage. The information below illustrates the comparison of insurance premiums with and without full coverage. The rate quotes are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are not married, and no discounts are applied to the premium.

If averaged out across all ages, physical damage coverage on your policy costs $3,196 per year more than carrying just liability coverage. That may make you wonder if buying full coverage is a good investment. There is no clear-cut formula to eliminate physical damage insurance, but there is a guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.

For example, let’s assume your vehicle’s book value is $4,000 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $3,000 after you pay the deductible. If premiums are more than $300 annually to have full coverage, then you may need to consider dropping full coverage.

Why you should be shopping around

Orlando insurance rates are based on many factors that control the price you pay for coverage. Simply having a birthday, buying higher coverage limits, or getting a reckless driving citation can trigger changes in premium that can cause some rates to be more affordable than competitors.

Not only may things change on your end, but insurance companies modify rates multiple times each year in order to protect their financial rating. Unexpectedly high claims may cause a rate increase, while lower claim levels may result in lower-priced Orlando car insurance rates.

The bar chart below shows which companies have the cheapest car insurance in Orlando, FL for a 40-year-old male driver with no prior claims, no tickets, and excellent credit. If we look at prices based on his current rating profile, USAA may offer the most affordable car insurance rates in Orlando at $1,240 a year. This is $1,208 less than the average rate paid by Florida drivers of $2,448. Electric, Amica, Progressive, and Travelers are the rest of the cheapest Orlando, FL auto insurance companies.

In the next rate comparison, we’ll give the driver in the first chart a claim surcharge, a lower credit rating, and a blemish on his driving record. Since each company uses a different method for filing rates in each state, getting updated rate quotes will most likely result in a different ranking of affordable companies as shown below.

USAA now has the cheapest price in Orlando, FL with Allied, GEICO, Esurance, and Auto-Owners also having competitive pricing. This demonstrates why consumers need to compare rates when trying to get the most economical car insurance rates for low credit scores.

Car insurance prices are calculated by many factors and can change substantially, so the best option the last time you shopped your coverage around may now be one of the more expensive options.